Sunday, May 14, 2023
North America

Marriott Boosts Quarterly Dividend by 30%

  • Soho House reported mostly in-line estimates. Adjusted EBITDA was in line despite revenue being slightly lower than expectations.
  • Morgan Stanley upped their target price on Hyatt to $142 from $139 while maintaining their Overweight rating.
  • Marriott International announced a 30% increase in their quarterly dividend, to $0.52 a share.

The DJIA fell 9 points on Friday while Nasdaq was down 44, the S&P 500 fell 7 points and the 10-year treasury yield was up .07 to just over 3.46%. Lodging stocks were lower. SOND was down another 27% to another all-time low and SLNA also hit a new low. SHCO was down -7% following their earnings report and AHT was also down […]